Cipher Pharma Technical Analysis (NASDAQ:CPHR)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Cipher Pharma stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CPHR stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Cipher Pharma. Technical analysis uses an approach for Cipher Pharma stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cipher Pharma Moving Average
Moving averages show the CPHR stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $2.9 is below the last closing price of $2.99 and the 50 day moving average of $3.33 is above the last closing price of $2.99. The 10 and 20 day periods can predict short term moving average trends.
Cipher Pharma Bollinger Bands
Bollinger bands comprise of a center line usually CPHR SMA, and two CPHR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $2.99 is in the upper range of Cipher Pharma bollinger bands.
Cipher Pharma Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Cipher Pharma MACD line is above the signal line.
Cipher Pharma Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CPHR stock is 55.04.